Coscharis Secures Stake in Japan’s Izumi Chain to Launch Local Manufacturing

Coscharis Group has moved beyond auto parts distribution by acquiring a stake in Izumi Chain Mfg. Co., a century-old Japanese roller chain manufacturer. This deal links Coscharis directly with an Osaka-based original equipment producer. It promises improved quality control, access to precision components, and deeper technical know-how for its automotive and industrial machinery lines. The investment also signals a boost for Nigeria’s manufacturing ambitions. Direct ties to a Japanese OEM could help bridge technology gaps and strengthen local supply chains. Chairman Cosmas Maduka has spent time in Japan to oversee the partnership, underscoring a hands-on strategy for long-term industrial expansion.

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